MicroStrategy’s (MSTR) “Buy” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a research report sent to investors on Monday,Benzinga reports. Benchmark currently has a $650.00 price target on the software maker’s stock.

Several other brokerages have also recently weighed in on MSTR. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group upped their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Up 11.6 %

Shares of NASDAQ:MSTR opened at $379.09 on Monday. The stock has a market capitalization of $90.85 billion, a P/E ratio of -179.92 and a beta of 3.25. The stock’s 50-day moving average price is $345.91 and its 200-day moving average price is $222.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy has a 12-month low of $43.87 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business earned ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last ninety days. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Burkett Financial Services LLC bought a new position in shares of MicroStrategy during the fourth quarter valued at $72,000. CWA Asset Management Group LLC purchased a new stake in MicroStrategy during the 4th quarter valued at about $417,000. Nordea Investment Management AB raised its holdings in MicroStrategy by 28.9% in the fourth quarter. Nordea Investment Management AB now owns 14,505 shares of the software maker’s stock worth $4,395,000 after buying an additional 3,255 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $1,413,000. Finally, GAMMA Investing LLC raised its holdings in MicroStrategy by 56.5% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker’s stock worth $163,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.